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COMPETITION WATCH: Trimac buys bulk fertilizer carrier

CALGARY, Alta. -- Trimac has announced it has agreed to purchase bulk fertilizer transporter Canamera Carriers...


CALGARY, Alta. — Trimac has announced it has agreed to purchase bulk fertilizer transporter Canamera Carriers.

 

The company is a bulk trucking and warehousing company that specializes in fertilizer and agricultural products as well as road salt, in the provinces of Saskatchewan, Alberta and Manitoba. The carrier is based in Yorkton, Sask.

 

Trimac Transportation purchased the business for $2.9 million, which includes the acquisition of 19 company-owned tractors and 24 trailers. The company boasted annual revenue of $7.9 million in its last fiscal year.

 

Trimac will also assume about $1.3 million in debt as part of the deal.

 

Edward Malysa, COO of Trimac, said “We are excited to have Canamera Carriers become a part of the Trimac organization. The acquisition of Canamera Carriers fits well within Trimac’s diversification strategy by providing expanded services in the fertilizer and agricultural product business and expands our footprint in the Saskatchewan marketplace.”


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